Day-of-the-Week Trading Patterns of Individual and Institutional Investors

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dc.contributor.authorNguyen, Hoang H.
dc.contributor.authorJoel N., Morse
dc.date.accessioned2017-11-02T11:35:10Z
dc.date.available2017-11-02T11:35:10Z
dc.date.issued2014
dc.description.abstractThis study examines the day-of-the-week trading patterns of individual and institutional investors. Consistent with previous evidence, we find an increase in the proportion of trading volume accounted for by individual investors on Monday. However, we document that this increase in the fraction of trading by individual investors on Monday is a result of a reduction in trading by institutional investors, and not because of an increase in trading by individual investors. In fact, the trading by individual investors is significantly lower on Monday than on any other weekday. We also document that the degree of day-of-the-week variation in trading volume by individual and institutional investors is positively associated with the quality and dissemination of public information proxied by the market capitalization of each company.en_US
dc.format.extent20 pagesen_US
dc.genrejournal articlesen_US
dc.identifierdoi:10.13016/M2KS6J59B
dc.identifier.citationJournal Article, Academic Journal (Published) Morse, J. N., Nguyen, H. H., H. M. Day-of-the-Week Trading Patterns of Individual and Institutional Investors. Global Business and Finance Review/University of Indiana, 19 (2, Fall 2014), 177-186.en_US
dc.identifier.urihttp://hdl.handle.net/11603/7402
dc.language.isoen_USen_US
dc.publisherGlobal Business and Finance Review/University of Indianaen_US
dc.relation.isAvailableAtUniversity of Baltimore
dc.subjectDay-of-the-week effecten_US
dc.subjectTrading volume-institutional v retailen_US
dc.titleDay-of-the-Week Trading Patterns of Individual and Institutional Investorsen_US
dc.typeTexten_US

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